Rates improved yesterday before Bernanke took the stage. The rally was caused by the Housing Starts report which underperformed compared to the forecast. Bernanke still remained unclear about the Fed’s plan to tapper bond purchases and the Q & A session did little to reverse the positive feeling in the bond market. Today Jobless Claims come out at 8:30 and Philly Fed at 10 AM will be the last piece of economic news released this week.
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